Asda thought to be considering £4.4 billion bid for B&M

Big 4 grocer Asda could table a takeover bid for discount retailer B&M, according to the Sunday Times. The struggling grocer, which has endured 11 consecutive quarters of declining sales, could be the latest supermarket to expand its estate in a high-profile takeover. Over the weekend it was reported that the Walmart-owned supermarket has commissioned external research on B&M with a view to issuing a bid